Financial pressures stemming from negotiations with insurance companies and higher drug costs are making it critical for U.S. providers to become more efficient, leaders of some of the nation's top health-care systems said Friday.
"There is new financial pressure on health care, and we're all trying to deliver high-quality care at a much more affordable price, and we realize that we need to be much more efficient as we go forward," Cleveland Clinic CEO and President Dr. Toby Cosgrove told CNBC's "Squawk Box."
Dr. John Noseworthy, president and CEO of the Mayo Clinic, said those financial pressures are challenging providers to streamline their businesses. It remains to be seen how recent consolidation among health insurers will affect providers and health-care customers, he added.
"We'll see whether that's good for consumers or not. It's a tight rope," he told "Squawk Box." "It may well be that prices will go up and negotiations will be more difficult."
Dr. Robert Grossman, dean and CEO at New York University's Langone Medical Center, said those negotiations are often difficult already. The challenge for providers is proving they provide value for an insurer's cohort of patients, he said.
Total spending on health care and related activities such as administration of insurance and research doubled between 2000 and 2013, reaching $2.9 trillion, according to Kaiser Family Foundation analysis of government data.
Health-care spending per person has grown at historically low rates in recent years, but began ticking up last year, Census Bureau data compiled by Kaiser show.